Dow Jones 2014-12-17

Dow Jones: 17100

Equity demand

Global Equity markets faced drop around the world , where continues drop of Oil threaten inflation for more drop , while Russian surprising rate hike placed demand for haven

Short-run

market managed to fell below 17200 support zone which added more drop over equity , where market anticipate Fed to head next year for rate hike

market fell yesterday toward 16975 before rebounding toward 17365 , where this trading zone may control market until Fed statement today

as long as market holding trades above 17000 a rebound correction may be expected toward 17700 zone , below 17000 expect 16600-700 zone

Long-Run

as we mentioned at the end of last year and early this year , Dow managed to head toward near 18000 by the end of this year

Daily Trend: Down
Weekly Trend: Up

	Support	Resistence
Level 1	16975	17340
Level 2	16920	17450
Level 3	16700	17570